Pensions after Automatic Enrolment: Why the Next Settlement Must Look Beyond Saving

Abstract Automatic enrolment has increased pension participation, yet participation does not necessarily ensure adequate retirement incomes. Evidence highlights gaps affecting low earners, carers and self‐employed workers, alongside the importance of contribution levels, retirement‐income choices, housing, health and longer working lives. The next phase of pension policy requires examination of how these factors interact and what the evidence highlights about the effectiveness of different approaches.